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Dec 31, 2012
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we'll have more on that and the fiscal cliff negotiations in a minute. >>> first, i want to show you the rest of the world is ringing in the new year. midnight arrived in asia. they are calling it a pyre tech nick musical. they were scheduled to begin an hour before midnight. hong kong on the top ten places to ring in the new year. let's listen. ♪ ♪ ♪ ♪ >>> ring in the new year, good morning 2013. we'll continue to monitor all of these celebrations as the day rolls on. the night rolls on in some cases. midnight in the u.s. is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the big issue has been to get over objections from conservative republican
we'll have more on that and the fiscal cliff negotiations in a minute. >>> first, i want to show you the rest of the world is ringing in the new year. midnight arrived in asia. they are calling it a pyre tech nick musical. they were scheduled to begin an hour before midnight. hong kong on the top ten places to ring in the new year. let's listen. ♪ ♪ ♪ ♪ >>> ring in the new year, good morning 2013. we'll continue to monitor all of these celebrations as the day rolls on....
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Dec 24, 2012
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only eight days left until america goes off the fiscal cliff. both sides are taking a holiday break, and all we're getting is the blame game. some republicans suggesting that the doomsday scenario that's now unfolding is all part of a white house plan. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at thement bot of the cliff. he gets all this additional tax revenue for new program. he gets to cut the military, which democrats have been calling for for years, and he gets to blame republicans for it. >> white house correspondent breanna keilar has the envy of all assignments of traveling with the president and joins us live from honolulu, hawaii, this morning. breanna, good morning to you. >> reporter: good morning to you, alina. the bottom line here, beginning this week, is that substantive conversations between democrats and republicans are basically nonexistent. the white house and senate democrats are not in communication not only with house re
only eight days left until america goes off the fiscal cliff. both sides are taking a holiday break, and all we're getting is the blame game. some republicans suggesting that the doomsday scenario that's now unfolding is all part of a white house plan. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at thement bot of the cliff. he gets all this additional tax revenue for new program. he gets...
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Dec 25, 2012
12/12
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the fiscal cliff which is the tax hikes, the spending cuts, each if they deal with the spending cuts and we're waiting to see what the measure will look like. i know what a hard-hitting white house reporter you are. i want to know whether it's apple kay, pumpkin pie or peekan pie for the president and first family on christmas day. any news on the menu? >> reporter: no, i am still waiting to find out. maybe we'll find out a little later today. you don't frequently find out until they have just released it, until the white house releases the information so we'll be standing by to let you know how the president spends his holiday. nothing on his public schedule, but, you know, he normally visits with troops so we're expecting he might do that today here in hawaii. >> that would be a wonderful way to spend christmas day. brianna keilar live from honolulu, hawaii, thanks. >>> other stories in the news, all day and all night this christmas people in newtown, connecticut are paying tribute to sandy hock's victims. a kindl is being lit for each children and 6 adults and volunteers are being
the fiscal cliff which is the tax hikes, the spending cuts, each if they deal with the spending cuts and we're waiting to see what the measure will look like. i know what a hard-hitting white house reporter you are. i want to know whether it's apple kay, pumpkin pie or peekan pie for the president and first family on christmas day. any news on the menu? >> reporter: no, i am still waiting to find out. maybe we'll find out a little later today. you don't frequently find out until they have...
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Dec 24, 2012
12/12
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our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of republicans to cross party lines and vote with them on the whole concept of raising any taxes. especially what the president wants which is something that is raising taxes on all americans making more than $250,000. that's the senate. never mind the house, which of course, made clear to the house speaker that they won't even go for something that's a million dollars or more when it comes to tax increases. that was last week. >> dana, you were saying that when you were reporting on it when it was breaking that evening, you called that devastating for john boehner. now that hou
our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of...
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Nov 10, 2012
11/12
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the fiscal cliff and spending cuts will wreak havoc. spending cuts would take $1.2 trillion over ten years, 100 billion in the first year. >> these are big cuts, ten to 14% in programs, a quarter of the way through their fiscal year. that's bad policy and dangerous. >> the biggest stumbling block is tax increases. everyone wants to extend the bush tax cuts for those making less than 250,000 a year. the president, however, wants to raise taxes on those making more, and add other taxes to boot. some analysts argue that would crush small businesses which create two-thirds of all jobs. >> the tax increases that president obama has fought for would actually increase taxes on small businesses by about $50 billion a year going forward. >> in 2010 when the economy was growing at 2.3%, president obama extended all the tax cuts, saying the economy was too weak to digest a tax increase. now the economy is growing at only 2%, but mr. obama is forging ahead and senator reid argues he got a mandate to do so. >> the president campaigned around the cou
the fiscal cliff and spending cuts will wreak havoc. spending cuts would take $1.2 trillion over ten years, 100 billion in the first year. >> these are big cuts, ten to 14% in programs, a quarter of the way through their fiscal year. that's bad policy and dangerous. >> the biggest stumbling block is tax increases. everyone wants to extend the bush tax cuts for those making less than 250,000 a year. the president, however, wants to raise taxes on those making more, and add other...
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Dec 26, 2012
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but six days before the fiscal cliff, president obama cutting short his christmas vacation on the off chance he and congress might be able to cut some kind of deal. he left. but brianna keilar is still there in honolulu. when's the president leaving and why does he really expect to avoid the cliff? >> reporter: i will be leaving as well when the president leaves, don. he is expected. he will be leaving tonight. that's local time. so he'll be traveling overnight and arriving back in the d.c. area late thursday morning. as you know, the senate reconvenes tomorrow. so he'll be going back as that is happening. we heard from him last week as he was heading out to hawaii. he said, see you next week. we had a thought that this was probably going to happen. he is officially now going back. he said last week, don, that he is still optimistic that something can get done. the other issue here, though, is you can imagine, how bad it would look if he go over the cliff and there's a lot of work to make sure that doesn't happen. he's here in hawaii on vacation. that would look terrible for him. so o
but six days before the fiscal cliff, president obama cutting short his christmas vacation on the off chance he and congress might be able to cut some kind of deal. he left. but brianna keilar is still there in honolulu. when's the president leaving and why does he really expect to avoid the cliff? >> reporter: i will be leaving as well when the president leaves, don. he is expected. he will be leaving tonight. that's local time. so he'll be traveling overnight and arriving back in the...
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Nov 15, 2012
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. >> eric: let me show what a fiscal cliff really looks like. bush tax cut expire, $150 billion. payroll expire , $125 billion. tax patch, $88 billion. billion. $145 billion in other taxes. $514 billion of new taxes will hit you american families. by the way, every single year going forward. >> dana: what do you get for it? >> bob: $17 trillion in debt, right? who is next? >> andrea: so a lot of environmental tree-hugging freaks gripe about hydrofracking. we talk about this on "the five." a huge job creator but they say it's not safe. look what i found. a new hydro fracking fluid made entirely from food ingredients. they are using this on frac jobs to prove it's safe. i'm going to drink it. >> bob: don't do that. >> andrea: hmm. >> dana: let me know how it goes in the morning. >> andrea: it's thick but it's okay. >> greg: what is fracking? >> andrea: fracking fluid. >> bob: that is not fracking fluid. it's vodka. >> andrea: i wish. >> dana: it's viscuous. bob? >> bob: my friend denny from west virginia, fracking man. i said that and he said it's coming and it would be smart. >> a
. >> eric: let me show what a fiscal cliff really looks like. bush tax cut expire, $150 billion. payroll expire , $125 billion. tax patch, $88 billion. billion. $145 billion in other taxes. $514 billion of new taxes will hit you american families. by the way, every single year going forward. >> dana: what do you get for it? >> bob: $17 trillion in debt, right? who is next? >> andrea: so a lot of environmental tree-hugging freaks gripe about hydrofracking. we talk about...
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Dec 3, 2012
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in something like, what, 29 days now we're going to hit the fiscal cliff. spending cuts, tax hikes. until lawmakers can reach a deal. house speaker john boehner pr pretty blunt on on where he felt the cliff negotiations were standing. listen. >> i would say we're nowhere. period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. >> the nothing he's talking about is the president's plan which was delivered to gop leaders last week by the treasury secretary, timothy geithner. ca calls for $1.6 trillion in new revenue. republicans say that figure is unacceptable. until they present their own plan the white house is standing by that proposal right now. despite the parties and lines in the sand we're joined by two republican law make rs. i've overwhelmed by republican lawmakers this morning. >> you're surrounded, soledad. >> connie mack is with us this morning and mary bono mack. i'm used to it on this show. it's interesting to hear boehner saying, listen, nowh
in something like, what, 29 days now we're going to hit the fiscal cliff. spending cuts, tax hikes. until lawmakers can reach a deal. house speaker john boehner pr pretty blunt on on where he felt the cliff negotiations were standing. listen. >> i would say we're nowhere. period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. >> the nothing he's talking...
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Sep 11, 2012
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with the fiscal cliff if it doesn't act we will fall off this so-called fiscal cliff meaning spending cuts would expire, taxes would go up, it would have a huge negative impact on gdp and such a bad impact that the congressional budget office has predicted we're going to fall into a recession which is negative growth. so, you know, to be honest here it will take more than just an iphone to pull us out of that hole. it would be a nifty feature if the iphone could walk through congress and say can you guys get off your doves and do something? >> wouldn't that be great? a lot of people are wishing they would do more than that. alison kosik thanks so much. we're going to take a short break. i was spotting, but i had already gone through menopause. these symptoms may be nothing... but they could be early warning signs of a gynecologic cancer, such as cervical, ovarian, or uterine cancer. feeling bloated for no reason. that's what i remember. seeing my doctor probably saved my life. warning signs are not the same for everyone. if you think something's wrong... see your doctor. ask about gyn
with the fiscal cliff if it doesn't act we will fall off this so-called fiscal cliff meaning spending cuts would expire, taxes would go up, it would have a huge negative impact on gdp and such a bad impact that the congressional budget office has predicted we're going to fall into a recession which is negative growth. so, you know, to be honest here it will take more than just an iphone to pull us out of that hole. it would be a nifty feature if the iphone could walk through congress and say...
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Dec 31, 2012
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the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff. >> president obama blamed republicans. >> they say the biggest priority is making sure they deal with the deficit in a significant way. they are behaving in a way that they're only priority is that the tax breaks for the wealthiest americans are protected. blacks mitch mcconnell is vowing to find out. -- >> mitch mcconnell is vowing to find out. >> can the senate veteran help congress tumble to a deal on the last day? >> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland
the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff....
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Dec 24, 2012
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it appears those spending cuts that are the other part of the fiscal cliff will likely set in. and then what happens there will maybe be something that democrats and republicans try to deal with in the coming weeks, in the coming months. that means even come say the end of the year here or if we go over the cliff and there's some quick resolution, it's not for everything and we'll be dealing with a lot of these problems for some time, carol. >> what's the president doing in hawaii? >> reporter: the president has been getting in some r and r. he arrived saturday morning. he played golf with some of his buddies. he wept outer with his wife. yesterday he attended the ceremony for senator daniel inn way. and then he went for a hike in the afternoon with his daughters. this may be his one chance for a vacation and you may recall he didn't get one this summer. he decided not to go on his normal vacation in the election year. so this is really it for him. >> brianna keilar, thank you. >>> the gun control debate is intensifying. the nra's executive vice president made the circuit on su
it appears those spending cuts that are the other part of the fiscal cliff will likely set in. and then what happens there will maybe be something that democrats and republicans try to deal with in the coming weeks, in the coming months. that means even come say the end of the year here or if we go over the cliff and there's some quick resolution, it's not for everything and we'll be dealing with a lot of these problems for some time, carol. >> what's the president doing in hawaii?...
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Dec 1, 2012
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go to oralb.com for the latest offers. >>> the fiscal cliff means a lot of things are on the cutting block right now. one involves the most dependable of cuts are mortgages. >> you basically have 270 degrees of pure ocean. >> amazing views, luxury bathrooms and a gourmet kitchen. the owner of this $8 million penthouse in coconut grove, florida is eager to sell it before the end of the year. capital gains taxes will go up for homeowners with a lot of equity in their homes selling now could make a big difference. >> if you're looking at a $10 million sale price and 5 mill$5 million equity in the home, the capital gains is $5 million. in theory, there's a half a million dollar savings for seller and buyer to get the deal done. >> some possible outcomes of the fiscal clif negotiations could have a major impact on you. congress could limit the amount of home mortgage interest homeowners could write off on their taxes. one proposal would cap the deduction at $500,000, half of what it now is. lawmakers also may limit tax breaks for second homes. distressed homeowners also could see major ch
go to oralb.com for the latest offers. >>> the fiscal cliff means a lot of things are on the cutting block right now. one involves the most dependable of cuts are mortgages. >> you basically have 270 degrees of pure ocean. >> amazing views, luxury bathrooms and a gourmet kitchen. the owner of this $8 million penthouse in coconut grove, florida is eager to sell it before the end of the year. capital gains taxes will go up for homeowners with a lot of equity in their homes...
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Nov 13, 2012
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investors are closely watching lawmakers and whether a deal will be cut to avoid that so-called fiscal cliff. the opening bell today, executives from marriott vacations worldwide. >>> work has started to exhume the body of yasser arafat. circumstances surrounding his 2004 death after radioactive levels were found on some of his belongings. rumors of poisoning have long circulated around the former plo leader's death. >>> back at home new york's governor estimates sandy's loss to the state to be around $30 billion. a $500 million emergency spending plan was announced for schools and hospitals while thousands still struggle without power. >>> now to that shocking new development in the sex scandal that toppled one of the most respected men in washington. the david petraeus affair has now ensnared another top general, john allen. he is the commander of all international troops in afghanistan. today, the fbi is sifting through a mountain of e-mails and messages he traded with a woman named jill kelley, a mind boggling 20,000 to 30,000 pages and agents are searching for anything inappropria
investors are closely watching lawmakers and whether a deal will be cut to avoid that so-called fiscal cliff. the opening bell today, executives from marriott vacations worldwide. >>> work has started to exhume the body of yasser arafat. circumstances surrounding his 2004 death after radioactive levels were found on some of his belongings. rumors of poisoning have long circulated around the former plo leader's death. >>> back at home new york's governor estimates sandy's loss...
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Nov 16, 2012
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. >>> it is game on for fiscal cliff talks. president obama and congressional leaders met today to kick start face to face negotiations. they have 46 days to cut a deal, otherwise massive tax hikes and spending cuts kick in january 1st. >> i think we're all aware we have some urgent business to do. we have to make sure taxes don't go up on middle class families, that our economy remains strong, that we're creating jobs, and that's an agenda that democrats and republicans and independents, people all across the country share. so our challenge is to make sure that, you know, we're able to cooperate together, work together, find some common ground, make some tough compromises, build some consensus, to do the people's business. >> chief business correspondent ali velshi joins me now live from new york. i think of thelma and louise and imagine congress in the front seat driving us off. what does he say about how to get ready for this huge economic pain? did he mention the r word, recession? >> well, he did. this is interesting becau
. >>> it is game on for fiscal cliff talks. president obama and congressional leaders met today to kick start face to face negotiations. they have 46 days to cut a deal, otherwise massive tax hikes and spending cuts kick in january 1st. >> i think we're all aware we have some urgent business to do. we have to make sure taxes don't go up on middle class families, that our economy remains strong, that we're creating jobs, and that's an agenda that democrats and republicans and...
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Sep 27, 2012
09/12
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poem are talking about about the fiscal cliff coming and new tax increases and spending cut us. but the really problem is in february when out of the necessity who is president will have to go to the congress and say we need a trillion or two trillion in borrowing authority to pay our debts. we have got i mean, this is a conservative message which people, whether they agree with you or not. >> this is real. >> this is real. and we are on a spending binge. >> woodward will appear on "fox and friends" to discuss the economy and next fiscal cliff is just around the corner. there are fewer than 100 days before we reach that impending fiscal cliff. the expiration of bush tax cuts the start of a trillion dollars of budget cuts. tax magedon is unsettling to one large segment of the economy and mike emanuel explains. >> many small business owners are expressing anxiety as the u.s. economy faces the fiscal cliff. that is in tax hikes and government spending cut to do you to take affect in the new year. >> i want to grow and invest in the community and holding things back just because of
poem are talking about about the fiscal cliff coming and new tax increases and spending cut us. but the really problem is in february when out of the necessity who is president will have to go to the congress and say we need a trillion or two trillion in borrowing authority to pay our debts. we have got i mean, this is a conservative message which people, whether they agree with you or not. >> this is real. >> this is real. and we are on a spending binge. >> woodward will...
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under the mandatory cuts of the fiscal cliff, the federal aviation administration would lose $800 million, and more than 2,000 air traffic controllers. fewer controllers mean fewer planes moving passengers and cargo. warns the air traffic controllers association. >> fb's pocketbook and livelihood is tied to the aviation system, so the impact of the aviation system not being able to provide the service that they do today would be devastating. >> reporter: if washington can't reach a compromise, the economic recovery could stall. if we cannot figure this out, they're putting a bunch of huge and ugly potholes on a road that was supposedly going to get us to economic recovery. >> reporter: in fact, air traffic controllers warn that more than 100 small airports could lose their control towers. jobs and revenue that may never come back. john bentley, cbs news, new york. >> winter storms are spreading across the country, a massive storm that created havoc east of the mississippi is now headed to new england. that storm left a trail of power outages in the southeast after dumping some 15 inches o
under the mandatory cuts of the fiscal cliff, the federal aviation administration would lose $800 million, and more than 2,000 air traffic controllers. fewer controllers mean fewer planes moving passengers and cargo. warns the air traffic controllers association. >> fb's pocketbook and livelihood is tied to the aviation system, so the impact of the aviation system not being able to provide the service that they do today would be devastating. >> reporter: if washington can't reach a...
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Dec 7, 2012
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>> eric: yes, the dreaded fiscal cliff. tax hike, spending cut and sequestion ration, whatever they are. belly flop the economy at once. comfortabling the know that d.c. is on top of it all. alex simpson, former senator and the guy that everyone thinks is a lifeguard at the fiscal pool. ♪ ♪ >> eric: okay, beckel is gangnam style. good to know we're in good hands but get serious, folks. >> any word from karl rove? >> despite what we're telling you, it's over. romney lost. >> i guess it's time i explain, the good people, the upcoming fiscal cliff. >> the economy is the car and rich sman a driver. don't give the driver many. they will drive you over a cliff. just common sense. >> eric: not exactly. the only way to save the republic is for us to let the president go off the fiscal cliff. taxes will go up. but mandatory spending cuts get enacted. that seems to be the only way dems will cut a dime. let's save the place for the kids. do you agree? >> greg: i do. >> bob: i think you're crazy. >> greg: funny that bob and i agree
>> eric: yes, the dreaded fiscal cliff. tax hike, spending cut and sequestion ration, whatever they are. belly flop the economy at once. comfortabling the know that d.c. is on top of it all. alex simpson, former senator and the guy that everyone thinks is a lifeguard at the fiscal pool. ♪ ♪ >> eric: okay, beckel is gangnam style. good to know we're in good hands but get serious, folks. >> any word from karl rove? >> despite what we're telling you, it's over. romney...
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Nov 14, 2012
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and vows not to kay in to republicans over the fiscal cliff. mr. obama says the country can't afford to continue tax cuts if for wealthiest americans and says he won't extend the bush tax cut for the top 2%, as he did two years ago. "special report" from washington starts at 6:00 p.m. eastern. now back to new york and five "the five." ♪ ♪ >> greg: all right. so in the wake of obama's alleged re-election, some citizens are calling for secession. people from all 57 states have filed petitions in favor of seceding from america on the obama administration's we the people website. so far, close to 700,000 signed on and petitions from alabama, florida, georgia, louisiana, north carolina, tennessee, texas grabbed at least 25,000 signatures. now to me, secession is silly. but what is not silly is actual catchtition. why not for four years pit red states against blue states with the respected ideas and have us put to the test and see who succeeds? red states will have fracking. blue will have frats. red states will have free markets. blue will be v fre
and vows not to kay in to republicans over the fiscal cliff. mr. obama says the country can't afford to continue tax cuts if for wealthiest americans and says he won't extend the bush tax cut for the top 2%, as he did two years ago. "special report" from washington starts at 6:00 p.m. eastern. now back to new york and five "the five." ♪ ♪ >> greg: all right. so in the wake of obama's alleged re-election, some citizens are calling for secession. people from all 57...
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Dec 4, 2012
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. >> soledad, the fiscal cliff debacle, with 28 days remaining before drastic tax hikes and spending cuts take effect, a republican spending plan has been rejected by the white house. brianna keilar is live from washington. what now, brianna? >> well, right now it's about the pressure building and the clock kicking, zoraida. as house republicans in the white house try to ultimately broker a deal between two very different plans. house speaker john boehner's counteroffer, if you take a look at the headlines from this $800 billion in what would be savings from tax reform. so that is new tax revenue. but not done by increasing income tax rate on the wealthiest. but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medicare, and doing some cuts there under this plan. but compare it to the white house plan, very different than what's on the table there. $1.6 trillion in new taxes. that is two times the amount in the boehner plan, and also, of course, includes increasing those in
. >> soledad, the fiscal cliff debacle, with 28 days remaining before drastic tax hikes and spending cuts take effect, a republican spending plan has been rejected by the white house. brianna keilar is live from washington. what now, brianna? >> well, right now it's about the pressure building and the clock kicking, zoraida. as house republicans in the white house try to ultimately broker a deal between two very different plans. house speaker john boehner's counteroffer, if you take...
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Sep 27, 2012
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we have got to -- i mean, people are talking about the fiscal cliff coming. new tax increases, spending cuts and so forth. but the real problem is going to be in february when of necessity, whoever's president, is going to have to go to the congress and say, we need another trillion dollars, maybe $2 trillion in borrowing authority to pay our debts. we have got -- i mean, this is your conservative message which people should -- whether they agree with you or not -- >> sean: this is real. >> this is real. we are on a spending binge. something's got to be done about it now. now to obama's credit, when i talked to him a couple months ago, when i went through all of this, i think he in a way exquisitely is tuned into the ambivalences of all of this. as we've talked about, he's a progressive democrat, but he's a smart guy. he knows you've got to fix this. you've got to do something. now what's happened in this campaign, unfortunately, is the number one issue that's the number one threat to this country is not being discussed. >> sean: to me it is -- i see these sc
we have got to -- i mean, people are talking about the fiscal cliff coming. new tax increases, spending cuts and so forth. but the real problem is going to be in february when of necessity, whoever's president, is going to have to go to the congress and say, we need another trillion dollars, maybe $2 trillion in borrowing authority to pay our debts. we have got -- i mean, this is your conservative message which people should -- whether they agree with you or not -- >> sean: this is real....
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what is the fiscal cliff? it's spending cuts, all begins at the beginning of the year, a bush tax cuts expire, that means everyone's taxes would rise. alternative minimum tax patch goes away, the payroll tax holiday goes away. unemployment extension goes away. the congressional budget office says it would certainly push the u.s. into a recession. no one wants us to go there. the problem now is figuring out how to fix it. possible scenarios. you could have congress kick the can down the road. just extend current policy for six months. that would cast a shadow over the business community. you could fall off the fiscal cliff like paul krugman is suggesting. stocks would dive. i don't know how many days it would take them to do something and then boom congress would move and you could have this grand bargain on deficit reduction. they need a budget. they need to agree on how we're going to spend our money and invest. that's what these two have to agree on. what does it mean for you? if you go off the fiscal cliff,
what is the fiscal cliff? it's spending cuts, all begins at the beginning of the year, a bush tax cuts expire, that means everyone's taxes would rise. alternative minimum tax patch goes away, the payroll tax holiday goes away. unemployment extension goes away. the congressional budget office says it would certainly push the u.s. into a recession. no one wants us to go there. the problem now is figuring out how to fix it. possible scenarios. you could have congress kick the can down the road....
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Dec 26, 2012
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not going to be able to do as much. >> we're looking in six days of going over the fiscal cliff. $600 million in tax increases and spending cuts. >> nobody wants to do that. >> i think we all agree and no talks by all accounts by the president and members of congress. >> the president went -- >> and the president was playing golf in honolulu. listen, i was working on christmas. with all due respect. should congress have taken a break? >> no. >> there are huge implications here. we have to wait on the senate at this point. and that's -- that's our challenge. we did send a bill to them in -- a couple of months ago in august. although now it's four months ago. we sent a bill to them saying let's extend '01, '03 for the time being so we can work on real tax reform. they need to send that back to us. it's true speaker boehner brought another bill for consideration to the house majority. but that's just -- >> and they rejected it. >> that's just moving the hot potato around. nothing is getting done. >> if you look at it, the house has passed a budget for three years in a row. the senate has
not going to be able to do as much. >> we're looking in six days of going over the fiscal cliff. $600 million in tax increases and spending cuts. >> nobody wants to do that. >> i think we all agree and no talks by all accounts by the president and members of congress. >> the president went -- >> and the president was playing golf in honolulu. listen, i was working on christmas. with all due respect. should congress have taken a break? >> no. >> there...
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Nov 14, 2012
11/12
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which to me reads as let's go over the fiscal cliff. is that what you're saying, we should go over the cliff? >> soledad, i, like everybody else, believes we should not go over the fiscal cliff. but we are facing today a terrific problem in our country in balancing the needs of people everywhere and facing this budget crisis that we have. whoa need a balanced, responsible, fair decision to end -- and a way to put this budget together so that everybody pays their fair share. the key to that right now is whether or not the republicans are going to continue to stand in a corner and say everybody else has to solve this. everybody else has to sacrifice. >> what can they do? let's say they do. we're not going to agree to raising taxes. are you saying that if that is the case, then we are de facto going over the cliff or the slope or whatever you call it? >> i think the republicans have a decision today. they need to decide if they're going to stay and protect the wealthiest americans from participating in this challenge that we have. if they
which to me reads as let's go over the fiscal cliff. is that what you're saying, we should go over the cliff? >> soledad, i, like everybody else, believes we should not go over the fiscal cliff. but we are facing today a terrific problem in our country in balancing the needs of people everywhere and facing this budget crisis that we have. whoa need a balanced, responsible, fair decision to end -- and a way to put this budget together so that everybody pays their fair share. the key to...
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Dec 26, 2012
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president obama cuts his hawaiian vacation short to deal with the fiscal cliff. it is already too late? good morning, 7:00 in the east. i'm alina cho. >> and i'm drew griffin. soledad o'brien is off today. "starting point" begins right now. >>> our starting point, a cruel one. a one-two christmas punch from mother nature. tornadoes and blizzards tearing through the south and midwest. >> oh, my god. we need to go. it's right there. >> mobile, alabama, took a real beating. a twister blowing up transformers, leaving more than 25,000 customers without power. reports to damage to homes, a high school, and church. >> it came in behind the church right there, and then all green fluorescent lighting and popping transformers left and right. and we heard the crashing and everything and the power went out. >> i prayed to god as loud as i could, and i was just praying for my safety, and i knew the church was shaking. i just prayed that the church stayed put. >> here is the other half of this story, blizzard conditions blanketing much of the midwest and the northeast will get
president obama cuts his hawaiian vacation short to deal with the fiscal cliff. it is already too late? good morning, 7:00 in the east. i'm alina cho. >> and i'm drew griffin. soledad o'brien is off today. "starting point" begins right now. >>> our starting point, a cruel one. a one-two christmas punch from mother nature. tornadoes and blizzards tearing through the south and midwest. >> oh, my god. we need to go. it's right there. >> mobile, alabama, took a...
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Nov 14, 2012
11/12
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i don't want to do that. >> that's the fiscal cliff? >> i don't think we should do that, but they may force us to do that. >> agreeing to go over the cliff, some would say, is almost irresponsible. that raises unemployment to 9.1%. that puts millions of people out of work. that that affects your gdp. all these terrible things, that the fiscal cliff brings? >> absolutely. the alternative to that, if they insist on their position, is even worse. middle class families who have been hurt over the past number of years because of the economy are going to bear the entire burden of our fiscal challenges, whether it's cuts to education, changes to medicare and social security or whether it's they, themselves, having to pay additional taxes. what we're saying is it has to be fair. everyone has to participate. and we can't continue to allow the republicans to exclude one group of people, those making over $250,000 a year, from paying their fair share. that's what we're fighting for. >> let me turn to mckay and will cain about this. we were discuss
i don't want to do that. >> that's the fiscal cliff? >> i don't think we should do that, but they may force us to do that. >> agreeing to go over the cliff, some would say, is almost irresponsible. that raises unemployment to 9.1%. that puts millions of people out of work. that that affects your gdp. all these terrible things, that the fiscal cliff brings? >> absolutely. the alternative to that, if they insist on their position, is even worse. middle class families who...
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Dec 4, 2012
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thanks. >>> the fiscal cliff debate hitting a new low. 28 days tax hikes and spending cuts will create a lot of pain for nearly every american if a deal does not get done. republicans offering up a counterproposal to the president that calls for $2.2 trillion in deficit savings over the next decade. it includes $800 billion in tax reforms. $600 billion for medicare reforms. and $600 billion in spending cuts. but it does not contain tax hikes for the wealthiest americans. so the president immediately dismissed it. and if you want to know just how far apart the two parties are, this should clear it up for you. >> i think we're going over the cliff. >> it's unfortunate that the white house has spent three weeks doing basically nothing. >> what we can't do is kind of figure out what works for them. >> the president's idea of a negotiation is roll over and do what i ask. >> it's pretty clear to me they've made a political calculation. >> their ideas are different from ours, we can't guess what they are. >> we look forward to the time when they are specific. >> they need to be more specific.
thanks. >>> the fiscal cliff debate hitting a new low. 28 days tax hikes and spending cuts will create a lot of pain for nearly every american if a deal does not get done. republicans offering up a counterproposal to the president that calls for $2.2 trillion in deficit savings over the next decade. it includes $800 billion in tax reforms. $600 billion for medicare reforms. and $600 billion in spending cuts. but it does not contain tax hikes for the wealthiest americans. so the...
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Nov 18, 2012
11/12
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. >> you heard about the fiscal cliff. i don't know if you've heard of that. you know who made that? congress made that. dramatic cuts in spending at the exact same time that all these exact taxes expire, at the same exact moment that the spending goes down in a controlled way. that wasn't an accident. congress chose na. >> rubio is considered a rising star and a gop favorite. talk about the fiscal cliff, the u.s. is a month and a half away from going over this so-called fiscal cliff and negotiations have begun, but voters are skeptical that a deal will be reached before the end of the year. here's political correspondent paul steinhauser. >> good morning. >> i think we're all aware that we have some urgent business to do. >> the president, as he sat down at the white house friday with top congressional leaders from both parties. americans agree. more than 82% say it's extremely important for congress to reach a deal. >> our challenge is to make sure that, you know, we are able to cooperate together. >> and i believe that
. >> you heard about the fiscal cliff. i don't know if you've heard of that. you know who made that? congress made that. dramatic cuts in spending at the exact same time that all these exact taxes expire, at the same exact moment that the spending goes down in a controlled way. that wasn't an accident. congress chose na. >> rubio is considered a rising star and a gop favorite. talk about the fiscal cliff, the u.s. is a month and a half away from going over this so-called fiscal...
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May 16, 2012
05/12
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economy is heading over a fiscal cliff. that cliff is the expiration of tax cuts and the start of deep spending cuts in the federal budget scheduled early next year. darren gersh reports. >> reporter: just like the rest of us, the federal reserve is waiting to see where the economy goes next. at its late april meeting, minutes released today show several members of the fed's policy making committee thought more bond purchases might make sense. "if the economic recovery lost momentum or the downside risks to the forecast became great enough." after the fed's last meeting, only a couple members felt that more so-called quantitative easing might be needed. so what are the risks for the american economy? deeper trouble from europe, for one. or trouble could come from the fed's neighbors in washington. if congress and the president can't resolve their difference before tax breaks expire or spending cuts take holnext year, the fed minutes show bernanke and his colleagues are worried the fighting over the debt limit could hold bac
economy is heading over a fiscal cliff. that cliff is the expiration of tax cuts and the start of deep spending cuts in the federal budget scheduled early next year. darren gersh reports. >> reporter: just like the rest of us, the federal reserve is waiting to see where the economy goes next. at its late april meeting, minutes released today show several members of the fed's policy making committee thought more bond purchases might make sense. "if the economic recovery lost momentum...
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Dec 22, 2012
12/12
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. >>> we're just ten days away from the country going over the so-called fiscal cliff, automatic tax increases on nearly every american and huge spending cuts to defense and social programs are set to take effect the 1st of january unless the president and congress reach a new budget deal. but most lawmakers have deserted the capital to be home for christmas leaving america teetering on the brink. one of those enjoying christmas back if california is republican congressman tom mcclintock joining us from sacramento, california. you are a tea partier. you're part of the tea party caucus but you supported house speaker bane area plan b. yes? >>, of course, i did. again, there is no bill before the congress that proposes raising taxes on millionaires or anybody else for that matter. there is a law that goes into effect in ten days that raises taxes on millionaires, small businesses filing as millionaires and everybody else. boehner's bill tried to stop that for everybody else. offa lifeguard sees ten swimmers drowning off of his beach and can only reach nine of them to save them, it does
. >>> we're just ten days away from the country going over the so-called fiscal cliff, automatic tax increases on nearly every american and huge spending cuts to defense and social programs are set to take effect the 1st of january unless the president and congress reach a new budget deal. but most lawmakers have deserted the capital to be home for christmas leaving america teetering on the brink. one of those enjoying christmas back if california is republican congressman tom...
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Dec 28, 2012
12/12
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but that's cutting pretty close, as you can imagine, because we go over the fiscal cliff as of monday night without a deal. so pretty tight timeline there. >> what is the thinking at this point, dana bash, that most congressional leaders feel like going over the cliff, whether they will say it publicly is one thing, but going over the cliff might be better, because on the other end of it, you can vote for tax cuts versus raising taxes for a certain number of americans, politically speaking, isn't that a better scenario for them? >> it may politically be a better secenario for some congresspeople. but it will be a catastrophe because of public opinion, the way markets would respond on january 2nd. i think politically obviously it saves a little face, particularly for some republicans who don't want to vote for tax increases. taxes increase automatically, but it isn't without consequences and we're trying to get a sense today -- the meeting that you mentioned, 3:00 p.m. at the white house, congressional leaders with the president and vice president. coming out of that, i think we may ha
but that's cutting pretty close, as you can imagine, because we go over the fiscal cliff as of monday night without a deal. so pretty tight timeline there. >> what is the thinking at this point, dana bash, that most congressional leaders feel like going over the cliff, whether they will say it publicly is one thing, but going over the cliff might be better, because on the other end of it, you can vote for tax cuts versus raising taxes for a certain number of americans, politically...
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Dec 6, 2012
12/12
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cliff and cut the national debt. the 81-year-old simpson went "gangnam style" to make his point. ♪ >> i have a bum knee. horse, horse. ride the horse. >> senator, thank you for that. and that's your morning dish of "scrambled politics." and now for a look at your national weather, let's turn to bill karins. he has your weather channel forecast. >> the best part is the underwater robot for a place that doesn't have water. >> maybe it's a pool. >> yes. >> and they need to inspect it. >> counter-terrorism measures in the backyard. you never know. good morning, everyone. getting out the door this morning, it's very cold up in new england. tell you what, the lack of snow is really becoming a slightly alarming especially if you have any interest in snowy weather recreation or skiing or ice skating or maybe you like to go snowmobiling. the northern half of the country is sparse. 7% of the country has snow cover. most of that is the high elevations in the rockies and northern rockies. it's about as low as it gets. last yea
cliff and cut the national debt. the 81-year-old simpson went "gangnam style" to make his point. ♪ >> i have a bum knee. horse, horse. ride the horse. >> senator, thank you for that. and that's your morning dish of "scrambled politics." and now for a look at your national weather, let's turn to bill karins. he has your weather channel forecast. >> the best part is the underwater robot for a place that doesn't have water. >> maybe it's a pool....